Wednesday, June 4, 2014

Gold support broken

Gold is breaking down, it just looks horrible. There was a five-month-long consolidation that set up in the gold market. And those kind of long term consolidations usually resolve themselves in the direction that prevailed previously. In this instance, gold has broken, it consolidated, and now it's broken again. It's taken out all support.


Originally published www.cnbc.com/id/101565276 on May 27, 2014